$pETH

Borrow $pETH and swap to ETH or use it to get yield

Overview

pETH is the Ether synthetic of JPEG'd. It is minted when a user borrows against their NFT and burned when they decide to repay their loan. Unlike the standard 2% interest rate for borrowing PUSd, the standard interest rate is 5% for borrowing pETH.

Like PUSd, pETH is overcollateralized by the value of the NFTs in JPEG'd vaults.

Utility

• pETH can be swapped for ETH using the JPEG'd Swap, or by directly accessing the Curve factory pool.

• It can be used to earn yield by providing liquidity in the Curve Factory pool. To learn how to get yield with pETH read our guide.

A user cannot borrow both pETH and PUSd from the same vault.

Learn how to borrow pETH in our borrowing guide.